YourPropFirm Monthly Product Update – November 2024

Welcome to YourPropFirm’s November update! In October, we focused on enhancing trader engagement with features like the Competitions Feature and updates to the General Leaderboard. We also introduced tools to improve admin workflows and trader recognition.

Building on those improvements, this month’s updates bring even more value. From expanded competition management and customizable certificates to a preview of our upcoming Risk Management Tool, we’re rolling out features designed to support admins, engage traders, and strengthen your firm’s operations.

Let’s go into the details!

New Features

Competitions Feature

The Competitions Feature is designed to boost engagement and excitement among traders, while giving admins the tools they need to organize and manage events effortlessly. This update brings a new level of interaction to your platform, fostering a competitive environment that motivates traders to push their limits.

With competitions, traders can now join events, track their progress in real time, and compare their performance with others. Admins, on the other hand, gain complete control over the setup and management of these events, ensuring fairness and transparency throughout.

What’s Included in the Competitions Feature:

  • Active and Upcoming Competitions
    Traders can view a list of active and scheduled competitions with key details like start dates, prize pools, and unique competition IDs. The upcoming section gives them a chance to prepare and join before the competition starts, while admins can highlight enticing prize pools to attract participation.
  • Live Standings
    During competitions, live standings showcase contestant rankings based on performance. Each trader’s profits are displayed alongside their relative position, while maintaining privacy with partial name visibility. This feature keeps the competition dynamic and drives ongoing engagement as participants track their progress and aim for the top spot.
  • Detailed Contestant Performance
    For a deeper analysis, traders and admins can dive into individual performance stats, including:
    • Equity and balance updates.
    • Cumulative PnL and total profit/loss.
    • Win rates, trading activity, and most traded symbols.
  • These insights provide a unique opportunity to learn from top performers and refine trading strategies.
  • Admin Controls
    Admins have complete flexibility to manage competitions with tools to:
    • Create and edit competitions during the planning phase.
    • Lock entries once competitions begin, ensuring fairness.
    • Establish and enforce rules, keeping everything organized and professional.

Note: The Competitions Feature requires activation. Contact YourPropFirm to enable it for your platform and start engaging your traders like never before.

Certificates Feature

Recognizing trader achievements is now easier than ever with the new Certificates Feature. This tool allows admins to automate the creation and distribution of certificates for key milestones, saving time while adding a touch of professionalism to trader recognition.

With customizable templates, automated processes, and centralized management, the Certificates Feature ensures that traders feel acknowledged for their success while admins enjoy a streamlined workflow.

Key Benefits of the Certificates Feature:

  • Customizable Templates
    Admins can design certificates that align with their brand using up to 10 unique templates. Customization options include:
    • Background images for a polished look.
    • Font styles, sizes, and colors for dynamic fields like user names, program names, payout amounts, and issue dates.
    • Drag-and-drop functionality for intuitive adjustments.
  • This flexibility allows firms to create certificates tailored to specific events, ensuring a professional and personalized touch.
  • Automated Issuance
    Certificates are automatically generated and sent for milestones such as:
    • Account creation.
    • Account upgrades.
    • Payout approvals.
  • By automating this process, firms save significant time and ensure consistency in recognizing trader achievements.
  • Centralized Certificate Management
    Admins can manage all certificates through a dedicated dashboard, making it easy to:
    • Preview certificate designs before issuance.
    • Edit existing templates as needed.
    • Track issued certificates for record-keeping and compliance.

This feature not only simplifies administrative tasks but also enhances the trader experience by providing professional acknowledgment of their milestones.

The Certificates Feature is now available to activate. Contact YourPropFirm to get started and bring a polished edge to your trader recognition process.

General Leaderboard Updates

The General Leaderboard is a powerful tool designed to showcase top-performing funded accounts, ranked by Return %. This feature creates an environment where traders can see how they measure up, while admins gain valuable insights into trader performance.

Benefits of the General Leaderboard:

  • For Traders
    Traders can view rankings that highlight the top performers, providing motivation and a sense of accomplishment. To maintain privacy, only the first few characters of names are displayed for challenge accounts. Funded accounts, however, are fully visible for transparency.
  • For Admins
    Admins have complete access to detailed account dashboards, offering in-depth insights into performance metrics. This includes return percentages, equity, and overall trader success, helping firms identify patterns and improve operations.

The General Leaderboard adds a dynamic element to the platform, encouraging both accountability and competition among traders.

Note: This feature requires activation. Contact YourPropFirm to enable the General Leaderboard for your platform and start leveraging its full potential.

Coming Soon: Risk Management Tool

Coming Soon: Risk Management Tool

We’re excited to give you a preview of the upcoming Risk Management Tool, designed to help admins monitor and flag suspicious trading behaviors. With automated fraud detection, detailed reports, and account management capabilities, this tool will enhance security and ensure fair trading practices on your platform.

Fraud Detection

The Risk Management Tool automatically identifies accounts engaging in suspicious activities, such as:

  • Copy Trading: Trades that mimic the timing, instruments, and direction of other accounts, suggesting coordinated or duplicated actions.
  • Grid Trading: Patterns of consecutive trades with identical instruments and directions, flagging potential system abuse.

By automating the detection process, this feature reduces manual monitoring efforts and ensures no fraudulent behavior goes unnoticed.

Custom Reports

Admins can generate comprehensive fraud reports to gain a deeper understanding of flagged activity. Reports include:

  • Advanced filters and sorting options to identify specific timeframes or trading behaviors.
  • Actionable insights to evaluate flagged accounts and assess the severity of the issue.

These reports provide the data needed to take swift and informed action, ensuring that your platform operates securely and efficiently.

Account Management

Once suspicious activity is flagged, admins can directly manage the accounts in question via the dashboard. Key features include:

  • Updating account statuses to Active, Under Review, or Suspended, depending on the severity of the flagged behavior.
  • Immediate notifications for admins to ensure prompt action.

This hands-on control helps protect your firm’s integrity, reduces risk, and keeps operations running smoothly.

The Risk Management Tool is built to enhance security, streamline monitoring, and give admins the power to manage risks effectively. Stay tuned for updates as we prepare to roll out this powerful feature!

Conclusion

November brings an exciting lineup of updates to the YourPropFirm platform. From the launch of the Competitions Feature to the Certificates System and updates to the General Leaderboard, these tools are designed to enhance trader engagement, simplify admin workflows, and boost your firm’s overall performance.

Looking ahead, the upcoming Risk Management Tool promises to strengthen platform security by automating fraud detection and providing actionable controls for admins.

These updates aren’t just about today – they’re about preparing your firm for the future. Whether it’s driving trader engagement, recognizing achievements, or ensuring fair trading practices, YourPropFirm continues to deliver the tools you need to succeed.

Ready to Activate These Features?
Contact YourPropFirm today to learn more about these updates and how to enable them for your platform.

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